EU Targets €26 Billion of US Products in Tariff Retaliation (3)

The European Union launched countermeasures on Wednesday against new US metals tariffs, with plans to impose its own duties on up to €26 billion ($28.3 billion) worth of American goods.

The announcement came hours after the US administration imposed 25% tariffs on steel and aluminum imports in a massive escalation of the trade war between the longstanding allies. The EU will target politically sensitive goods in Republican-led states, including soybeans from Louisiana, home to House Speaker Mike Johnson, according to a senior EU official.

EU metals tariffs that had been put in place during Trump’s first term, and later ...